Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
US services and composite PMI data revised lower- EUR/USD lifts on the news
The final reading of US December services and composite PMI data has just been released and both have been revised quite a bit lower. The service sector PMI was expected unchanged at 58.5. It has been revised to 56.8. The composite PMI was revised to 55.4 from 56.6. The immediate reaction saw the dollar turn lower on the news. Prior to all this the EUR/USD had fallen back to around 1.0355 following the Trump denial of the Washington Post article. Before that the EUR/USD had reached a high earlier at 1.0437. The immediate reaction to the data has seen the EUR/USD lift from just below 1.0370, to around 1.0387
Market News
All News-
Nasdaq 100 drops off best levels
The Nasdaq 100 closed last night at 21,900. It reopened this afternoon at 21,915 and rose swiftly, so set a new 2025 high, at 21,945. It has now... -
Will the DAX post a negative outside day reversal today?
The DAX is just now falling back underneath 21,400. The index set a new all time high earlier today, at 21,520. It had closed yesterday at 21,411 and... -
Mixed US PMI data sends dollar lower- EUR/USD lifts towards 1.05 again
The US flash PMI data has just been released and it was a mixed bag. Manufacturing beat estimates, rising from 49.4 to 50.1. However, services fell...
